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Aug. 08, 2025: MEIDENSHA: Second Party Opinion on Sustainability Linked Finance Framework; The Hokkaido Bank: Second Opinion on Positive Impact Finance Framework; The Hokuriku Bank: Second Opinion on Positive Impact Finance Framework; frieden, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Aug. 07, 2025: Administrative Disposition Imposed on NEXTAGE—JCR Will Closely Monitor Future Business Development and Impact on Performance; JCR Upgraded Long-term Issuer Rating on APA HD to A-/Stable; JCR Affirmed AA+/Stable Long-term Issuer Rating on Toa Reinsurance; JCR Affirmed AA Rating on Bonds of Egypt; JCR Assigned AA+ Rating to Bonds of Electric Power Development; JCR Assigned Preliminary A- Rating to Shelf Registration of ZENSHO HD; JCR Assigned Preliminary AA Rating to Shelf Registration of NIPPON STEEL; [ Asset Securitization Products ] JCR Assigned AAA to Beneficial Interest 202508 (Contract No. 250048); JCR Assigned A Rating to SPIRE SA Series 2025-424

Aug. 06, 2025: JCR Affirmed A-/Stable Long-term Issuer Rating on KOHNAN SHOJI

Aug. 04, 2025: JCR Placed Rating on KROSAKI HARIMA under Credit Monitor #A/Positive and #J-1/Positive; JCR Affirmed A-/Stable Long-term Issuer Rating on African Export-Import Bank; JCR Assigned Preliminary A+ Rating to Shelf Registration of HIKARI TSUSHIN; Nagoya City: Assigned Sustainability Finance Framework Evaluation: SU 1(F),Nature 1(F),Blue 1(F)

Aug. 01, 2025: Tokyo Electric Power Company HD Announces FY2025 1st Quarter Financial Results—No Immediate Impact on Rating; JCR Affirmed A+ and J-1 on KUREHA; Revised Outlook to Negative; JCR Affirmed A/Stable Long-term Issuer Rating on TOC; JCR Affirmed A/Stable Long-term Issuer Rating on Shikoku Bank; JCR Assigned Preliminary A- Rating to Shelf Registration of Nippon Paper Industries; The Kita-Nippon Bank: Second Opinion on Positive Impact Finance Framework

Jul. 31, 2025: Fundraising and Equity Content Assessment for Insurance Companies under Economic Value-Based Solvency Regulations; JCR Upgraded Long-term Issuer Rating on TOSOH to AA-/Stable; JCR Affirmed A-/Stable Long-term Issuer Rating on GEO HD; JCR Affirmed BBB+/Stable Long-term Issuer Rating on Tsukuba Bank; JCR Affirmed AA-/Stable (FC/LC) on Chile; [ Asset Securitization Products ] JCR Assigned Preliminary AA+ to Whiskey Finance FinCo LLC; JCR Assigned A Rating to SPIRE SA Series 2025-76; JCR Assigned A+ Rating to Earls Eight Limited Series 894; Tokyo Tatemono Investment Advisors: Assigned Green Finance Framework Evaluation: Green 1(F); Takamatsu Construction Group: Reviewed Green Bond Evaluation: Green 1; Meiji Holdings: Evaluation of Conformity of Sustainability Finance Framework; TAKAMATSU CONSTRUCTION GROUP: Post-issuance Verification Report on Sustainability Linked Green Bond (Bonds no. 2); Mitsubishi Estate: Post-issuance Verification Report on Sustainability Linked Bond (Bonds no. 141); JTB: Post-execution Verification Report on Sustainability Linked Loan; JTB: Second Party Opinion on Sustainability Linked Loan; North Pacific Bank: Second Opinion on Sustainable Deposit Framework; novis, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan; S.H.N, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan; G-Place, The Senshu Ikeda Bank: Second Opinion on Positive Impact Finance; WAC DATA SERVICE, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance; Niigatasenko, The Shoko Chukin Bank and THE TAIKO BANK: Second Opinion on Positive Impact Finance; Namitsu, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Hokuo Ryutu, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; MAKOTO INTERNATIONAL, The Nanto Bank: Second Opinion on Positive Impact Finance

Jul. 30, 2025: JCR Affirmed A+/Stable Long-term Issuer Rating on SANKEI REAL ESTATE; Establishment of Nature Finance Evaluation Methodology and Revision of JCR Green Finance Evaluation Methodology; OTEC: Assigned Green Loan Evaluation: Green 1; Landeo, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Kurashiki Boring Kiko, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; MYTOWN, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance